Baytex Energy closes public offering.CALGARY, Alberta--(BUSINESS WIRE)--Dec. 27, 1995--BAYTEX ENERGY LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). : BTE.A) Baytex Energy Ltd., of Calgary, announced that it has closed its public offering on December 21, 1995. Subscriptions for 1,428,000 Units were accepted for gross proceeds of $4,998,000. The Offering was fully subscribed Fully Subscribed A situation in which an underwriting firm has successfully sold to investors all of its available issues of a public offering of securities. When the issue is fully subscribed, the underwriter's risk of being undersubscribed (being unable to sell its allotment of . Each Unit consists of 1 "flow-through" Class A Share and 1/2 Class A Share Purchase Warrant. Each Warrant and $3.75 entitles the holder to acquire an additional Class A Share until December 1, 1996. The Units were offered pursuant to an exchange offering prospectus and were distributed through The Alberta Stock Exchange. Nesbitt Burns Inc. acted as agent for the offering. Baytex is a junior oil and gas exploration company whose shares are traded on The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the trading symbol "BTE.A" and "BTE.B". The Toronto Stock Exchange has neither approved nor disapproved the information contained herein. CONTACT: BERT (Bit Error Rate Test) An analysis of network transmission efficiency that computes the percentage of bits received in error from the total number sent. KLOSTER, Vice-President, Finance 403/750-1234, 403/750-1244 (FAX) |
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